Kosmos scraps Mauritania, Senegal sale plans
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
E&P
Libya hits 1 million bpd
Libya is producing more than 1 million barrels per day, the National Oil Corp. (NOC) has announced, in a remarkable recovery.
Libya ups revenues as force majeure clears
Libya’s revenues in October roughly doubled from September, following the lifting of force majeure at two ports.
Transcorp buys Afam power
Transcorp has bought the Afam power plant in Rivers State, with capacity of 966 MW.
Helium One plans AIM launch in December
Tanzania-focused Helium One aims to land on London’s AIM on December 3 via a reverse takeover of cash shell Attis Oil and Gas.
Update: Shell seizes Impact opportunity in South Africa
Shell is entering Impact Oil and Gas’ Transkei and Algoa exploration right offshore South Africa, shortly after the exit of ExxonMobil and Equinor.
Hull rupture hits Seplat’s export link at OML 40
Seplat Petroleum has reported another accident at its OML 40, in the Niger Delta.
Scirocco sketches out energy transition shift
Tanzania-focused Solo Oil has become Scirocco Energy, and with the change of name a newfound focus on the energy transition in the European market.
NNPC, First reach oil at OMLs 83, 85
Nigerian National Petroleum Corp. (NNPC) and First E&P have reached first oil at OMLs 83 and 85.
BW buys stacked jack-ups, plans Dussafu work
BW Energy has acquired two jack-up rigs and hatched a new plan for the development of the Hibiscus/Ruche field, offshore Gabon.
Impact picks up more SA acreage
Impact Oil and Gas has farmed in to Area 2, offshore South Africa, under a deal with Silver Wave Energy.
Lamprell, ADES win Saudi contracts
Lamprell and ADES International have announced new contracts in Saudi Arabia.
Total trims spending on price volatility
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Oil woes hit Seplat, while gas holds up
Lower oil prices cut into Seplat Petroleum’s revenues for the first nine months of the year, to $388 million down from $494.9mn for the same period of 2019.
Africa Energy finds room to run with Total at Luiperd
Total’s Luiperd gas condensate discovery has been sufficient to end drilling in South Africa’s Block 11B/12B, leaving some exploration options tantalisingly undrilled.
Wintershall, NOC finally complete Sarir shift
Libya has launched Sarir Oil Operations as a joint operating company to operate Contract Areas 91 and 107, previously held by Wintershall.
EACOP reaches government deal with Tanzania
The East African Crude Oil Pipeline (EACOP) has signed a host government agreement (HGA) with Tanzania, as plans for the Ugandan oil development near the finish line.
Weak demand to limit East Med gas
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
Namcor on the acquisition path with Lekoil
Nigeria’s Lekoil has struck a strategic alliance agreement to find producing assets with Namibia’s state-owned Namcor.
Hoscon warns of militancy return in Niger Delta
The Host Communities of Nigeria (Hoscon) has called for the government to do more to help out the people in oil and gas producing areas, warning that it has stopped supporting a ceasefire agreement.
Total scores major gas condensate find off South Africa
Total has made a second discovery offshore South Africa in the Outeniqua Basin, following the Brulpadda discovery of 2019.
Total faces duty of vigilance case over Uganda work
Total will face accusations of human rights violations over its activities in Uganda on October 28, in the Versailles Court of Appeal.
Dana reaches Egyptian sale, warns of impairment
Dana Gas has struck a deal to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million, including contingent payments.
Libya to resume production
The National Oil Corp. (NOC) has lifted force majeure from the El Feel field, following high-level agreements on a ceasefire in Libya.
Gabon production cuts hit Maurel
Maurel et Prom’s production fell in the first nine months of 2020, although its acquisition of Angolan assets helped avoid too great a reduction.